Own Risk & Solvency Assessment (ORSA)
Own Risk & Solvency Assessment (ORSA)
ORSA: Where some see regulatory burden, we see opportunity
Milliman ORSA Insight
Recommendations for developing a Stress and Scenario Testing framework
This note provides high-level recommendations for insurance companies when developing or enhancing their Stress and Scenario Testing (SST) framework.
Key regulatory changes in Thailand: RBC2 quantitative requirements, ERM guidelines, and ORSA reporting requirements
In Thailand, 2019 will be a year of considerable regulatory changes pertaining to risk management. The new risk-based capital framework will replace the current one, and insurance companies will be required to implement ERM and ORSA.
ORSA: Key Considerations for 2017
EIOPA has recently issued a supervisory statement providing feedback on the ORSAs submitted in 2016.
ORSA: The Irish experience
The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies.
Assessing the appropriateness of the Solvency II standard formula
The assessment of the appropriateness of the standard formula is a key part of the Own Risk and Solvency Assessment (ORSA) process under Solvency II.
Judging the appropriateness of the Standard Formula under Solvency II
This article provides a short overview of the structure of the Standard Formula, presents a suggested framework and worked examples, and discusses challenges and pitfalls to be considered.
